555 5th Ave, Brooklyn, NY, 11215-8036, US

555 5th Avenue

Asset description

JLL Capital Markets has been retained on an exclusive basis to represent the sale of 555 Fifth Avenue, a two-story retail building in Park Slope, Brooklyn. The building is anchored by two credit tenants, is fully stabilized, and expects to benefit from the issuance of a 15-year ICAP Tax Benefit. 555 Fifth Avenue is located on the southeast corner of 5th Avenue and 15th Street in Park Slope, Brooklyn. Park Slope’s retail scene is concentrated along 5th and 7th Avenues, featuring a mix of independent boutiques, local businesses, and national chains. The area is known for its diverse offerings, including trendy clothing stores, bookshops, artisanal food markets, national retailers, and specialty gift shops. The neighborhood’s affluent and community-oriented demographic supports a thriving retail environment that emphasizes quality, sustainability, and local ownership.

...

Attributes

Building area gross

1,988 sm

Occupancy

100%

Units

Zoning

C4-3A

Media

Investment highlights

TAX BENEFITS

The Property expects to benefit from the issuance of a 15-year ICAP tax benefit.

100% LEASED

555 Fifth Avenue in Park Slope is 100% leased to three tenants, two of which are national credit tenants. Notable credit tenants include Crunch Fitness, which occupies the basement, a portion of the first floor, and the second floor, as well as Sherwin Williams. The third tenant is Five Dental, a cutting edge dental practice in Park Slope.

STREAMLINED ACCESS TO MANHATTAN

Just two blocks from the Prospect Avenue R subway, the property has quick access to Downtown Brooklyn / Atlantic Terminal (15 minutes) and Manhattan’s Financial District (20 minutes). The Property is also 2 blocks from the Brooklyn-Queens Expressway (I-278) and Prospect Expressway (Rt 27), allowing easy access to nearby neighborhoods and boroughs throughout NYC.